The author was talking about “the Ethereum wave” for quite some time. Not it’s here. For many it is still a surprise that we are breaking ATH (all time high) in USD and EUR. For the readers of this blog, however, it’s not surprise at all. That was the last prediction from the author, which had to be fulfilled. Now it is fullfilled.
And here are finally the explanations (charts).
As already said in several posts, we can often see what is going to happen in the future if we check the past. The author mostly removed the Elliott Waves notations so that we can focus on one specific aspect.
As you can see from the charts, we had already the situation where ETH was trying to break the ATH. It was back in February, 25. The red line is placed on the 26-th so that we can see what happened the day before (the gray arrow points there).
On the 25-th of February the ETH broke ATH in EUR, USD but was far from it in BTC.
This is exactly what we have today. Or not really exactly. The magnitude has increased.
ETH is routinely taking new highs the last few days in USD and EUR, however we are still far away from reaching ATH in ETHBTC.
Now, there are other interesting points to observe in the charts above.
See the shape of the correction back in February. Doesn’t it look familiar?
And the final thing.. You surely noticed the yellow arrow. This is where the price should go in case we will repeat the history again.
Stay tuned, the author will keep delivering the updates through this exciting times.
The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
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